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Central Bank reduces Statutory Reserve Ratio by 2-pct to inject liquidity into banking system
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of Licensed Commercial Banks (LCBs) by 200 basis points, from 4.00 per cent to 2.00 per cent, with effect from the reserve maintenance […]
Hayleys Plantations pioneers sustainable tea tourism, signs MOU with Pekoe trail
Hayleys Plantations, a member of Sri Lanka’s largest and most diversified conglomerate the Hayleys Group, has embarked on an exciting partnership with “The Pekoe Trail,” a visionary sustainable initiative aimed at revitalising the country’s tourism sector. Comprising three major Regional Plantation Companies (RPCs), namely Kelani Valley Plantations PLC (KVPL), Talawakelle Tea Estates PLC (TTEL), and […]
CSE and stockbroker firms take lead in attracting Indian firms
“Invest Sri Lanka” is a series of forums organized by the Colombo Stock Exchange (CSE) in partnership with Stock Broker Firms, to promote foreign portfolio investment into the Sri Lankan Stock Market by showcasing investment opportunities in leading Sri Lankan listed companies. The investor forums have previously conducted in key foreign markets, including the UK, […]
Embarking on ‘Green RoadTrip’ seeking environmental justice
The inaugural session of the ‘Green Roadtrip’, a project to mobilize communities for environmental justice across the country was successfully held recently in Colombo. This series of events will be implemented by the Centre for Environmental Law and Policy of the University of Colombo, through the Support to Justice Sector Project (JURE), funded by the European Union […]
SJB will invest more in soft infrastructure such as health and education: Eran
SJB MP Eran Wickramaratne said that the health sector has become a death trap for patients. Importation of inferior medicine in the guise of emergency purchasing and non-functioning medical, surgical and other test equipment in hospitals (the government has no money to invest in the health sector) has pushed the health services in to abyss. […]
U.S. State Department Coordinator on Global Anti-Corruption Richard Nephew to visit Sri Lanka
The United States Embassy in Colombo is pleased to advise of an upcoming visit from the U.S. State Department Coordinator on Global Anti-Corruption Richard Nephew, who will be in Colombo from August 8-9. The visiting delegation accompanying Nephew includes Dylan Aikens, Anti-Corruption Analyst for the U.S. Department of State. While in Colombo, Nephew will meet […]
Central Bank launches Web Portal of Regional Development Department
The Central Bank of Sri Lanka Launched the dedicated Web Portal of the Regional Development Department (RDD Web Portal) on 04.08.2023, signifying its strategic orientation towards financial inclusion initiatives. RDD Web Portal was developed with the financial assistance of the International Finance Corporation (IFC), a longstanding partner of the Central Bank, in promoting financial inclusion […]
Ceylon Chamber Forges Partnership with Jharkhand Chamber
The Ceylon Chamber of Commerce recently hosted a networking event with a business delegation from the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), offering a platform for Sri Lankan businesses to showcase their companies and explore potential collaboration opportunities with their Indian counterparts. During the meeting, participants engaged in discussions on various sectors, […]
‘s Export Sector
Seylan Bank took a key step towards empowering Sri Lanka’s export sector by forging a strategic partnership with the National Chamber of Exporters. This collaborative effort aims to drive the nation’s local products into the global market while providing comprehensive financial solutions and support to both seasoned exporters and ambitious entrepreneurs through the innovative Export […]
JICA & NPD to improve Effective Public Investment Management for Economic revival of Sri Lanka
On 2nd of August, the detailed discussion on the progress and way forward was held on the ongoing technical cooperation project named, “Project for Capacity Development for Effective Public Investment Management” between Department of National Planning, Ministry of Finance, Economic stabilization, and National policies (NPD), other line ministries and JICA at the 3rd Joint Coordination […]